Mongolia : The Political Economy of the Resource Paradox, Synthesis Note
This report discusses Mongolia's increasing dependence on mining revenues and the associated vulnerability to boom and bust economic cycles, and calls for special attention to governance in mining resource management. It seeks to identify can...
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2009/09/16453627/mongolia-political-economy-resource-paradox-synthesis-note http://hdl.handle.net/10986/12715 |
| Summary: | This report discusses Mongolia's
increasing dependence on mining revenues and the associated
vulnerability to boom and bust economic cycles, and calls
for special attention to governance in mining resource
management. It seeks to identify can be learned from the
experiences of other mineral dependent countries that have
succeeded in converting their mineral endowment into broadly
shared growth, as well as from those that have not. A
challenge for the Bank is to be able to formulate good
reform solutions which fit the country's'
implementation capacity, and are flexible enough to respond
to changing country dynamics. The Bank could modify its
support better correspond to Mongolia's realities, such
as taking into account concerns that by entering into an
investment agreement, the government will lose the ability
to influence or veto decisions that negatively impact
national security. The report looks at the Public Investment
Program, focusing on the principles of development oriented
investments, and what this would imply across sectors, by
taking into account the policymaker's concern that
public procurement of public investment projects must
disburse quickly, so that procurement efficiency is improved. |
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